FLGR vs. ZECP

Last updated Jul 14, 2026

FLGR (Franklin FTSE Germany ETF) and ZECP (Zacks Earnings Consistent Portfolio ETF) are both exchange-traded funds - FLGR is a Europe Equities fund tracking the FTSE Germany RIC Capped Index, while ZECP is a Large Cap Blend Equities fund actively managed by Zacks. FLGR is passively managed, while ZECP is actively managed. Over the past 3 years, FLGR returned 15.04%/yr vs 15.30%/yr for ZECP. A 0.65 correlation means they provide meaningful diversification when combined. FLGR charges 0.09%/yr vs 0.55%/yr for ZECP.

Performance

FLGR vs. ZECP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE Germany ETF (FLGR) and Zacks Earnings Consistent Portfolio ETF (ZECP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLGR achieves a -1.25% return, which is significantly lower than ZECP's 8.66% return.

FLGR

• 1D: -0.60%
• 1M: -0.77%
• 6M: -4.21%
• YTD: -1.25%
• 1Y: -1.32%
• 3Y*: 15.04%
• 5Y*: 6.44%
• 10Y*: —

ZECP

• 1D: -0.18%
• 1M: 1.37%
• 6M: 6.43%
• YTD: 8.66%
• 1Y: 18.66%
• 3Y*: 15.30%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLGR vs. ZECP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FLGR Franklin FTSE Germany ETF	-1.25%	36.67%	10.63%	24.22%	-21.96%	-5.27%
ZECP Zacks Earnings Consistent Portfolio ETF	8.66%	15.03%	17.32%	13.88%	-13.41%	7.62%

Correlation

The correlation between FLGR and ZECP is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (All Time) Calculated using the full available price history since Aug 24, 2021	0.65

The correlation between FLGR and ZECP has been stable across timeframes, ranging from 0.60 to 0.70 - a consistent structural relationship.

FLGR vs. ZECP - Sectors Allocation Comparison

Sectors	FLGR	ZECP
Industrials	29.9%	13.6%
Financial Services	20.5%	15.3%
Technology	16.1%	28.8%
Consumer Cyclical	8.7%	5.7%
Communication Services	6.4%	10.3%
Healthcare	5.6%	13.4%
Basic Materials	5.6%	-
Utilities	4.5%	3.6%
Consumer Defensive	1.4%	7.6%
Real Estate	1.2%	0.7%
Energy	-	0.9%

Return for Risk

FLGR vs. ZECP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLGR

FLGR Risk / Return Rank: 8
FLGR Sharpe Ratio Rank: 8
FLGR Sortino Ratio Rank: 8
FLGR Omega Ratio Rank: 8
FLGR Calmar Ratio Rank: 8
FLGR Martin Ratio Rank: 8

ZECP

ZECP Risk / Return Rank: 67
ZECP Sharpe Ratio Rank: 69
ZECP Sortino Ratio Rank: 73
ZECP Omega Ratio Rank: 65
ZECP Calmar Ratio Rank: 57
ZECP Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLGR vs. ZECP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Germany ETF (FLGR) and Zacks Earnings Consistent Portfolio ETF (ZECP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FLGR	ZECP	Difference
Sharpe ratio: Return per unit of total volatility	-0.08	1.75	-1.83
Sortino ratio: Return per unit of downside risk	0.02	2.61	-2.59
Omega ratio: Gain probability vs. loss probability	1.00	1.31	-0.31
Calmar ratio: Return relative to maximum drawdown	-0.09	2.25	-2.34
Martin ratio: Return relative to average drawdown	-0.26	10.24	-10.49

FLGR vs. ZECP - Sharpe Ratio Comparison

The current FLGR Sharpe Ratio is -0.08, which is lower than the ZECP Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of FLGR and ZECP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FLGR vs. ZECP - Drawdown Comparison

The maximum FLGR drawdown since its inception was -46.21%, which is greater than ZECP's maximum drawdown of -21.86%. Use the drawdown chart below to compare losses from any high point for FLGR and ZECP.

Drawdown Indicators

	FLGR	ZECP	Difference
Max Drawdown Largest peak-to-trough decline	-46.21%	-21.86%	-24.35%
Max Drawdown (1Y) Largest decline over 1 year	-14.44%	-8.32%	-6.12%
Max Drawdown (3Y) Largest decline over 3 years	-15.53%	-15.47%	-0.06%
Max Drawdown (5Y) Largest decline over 5 years	-42.69%	—	—
Current Drawdown Current decline from peak	-5.87%	-0.52%	-5.35%
Average Drawdown Average peak-to-trough decline	-12.28%	-5.40%	-6.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.16%	1.83%	+3.33%

Volatility

FLGR vs. ZECP - Volatility Comparison

Franklin FTSE Germany ETF (FLGR) has a higher volatility of 5.39% compared to Zacks Earnings Consistent Portfolio ETF (ZECP) at 2.64%. This indicates that FLGR's price experiences larger fluctuations and is considered to be riskier than ZECP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLGR	ZECP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.39%	2.64%	+2.75%
Volatility (6M) Calculated over the trailing 6-month period	15.05%	8.43%	+6.62%
Volatility (1Y) Calculated over the trailing 1-year period	17.66%	10.71%	+6.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.35%	14.57%	+5.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.40%	14.57%	+6.83%

FLGR vs. ZECP - Expense Ratio Comparison

FLGR has a 0.09% expense ratio, which is lower than ZECP's 0.55% expense ratio.

Dividends

FLGR vs. ZECP - Dividend Comparison

FLGR's dividend yield for the trailing twelve months is around 3.45%, more than ZECP's 0.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FLGR Franklin FTSE Germany ETF	3.45%	1.72%	2.40%	2.99%	3.50%	2.67%	2.61%	2.52%	3.06%
ZECP Zacks Earnings Consistent Portfolio ETF	0.73%	0.79%	0.63%	0.73%	0.91%	0.11%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLGR and ZECP in my portfolio?

FLGR and ZECP have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLGR or ZECP?

FLGR has higher volatility (5.39%) compared to ZECP (2.64%). In terms of maximum drawdown, FLGR dropped -46.21% vs ZECP's -21.86%.

Which ETF is better, FLGR or ZECP?

On 3-year performance, ZECP leads with 15.30% vs 15.04% for FLGR. On fees, FLGR is cheaper at 0.09% per year. On volatility, ZECP has been the lower-risk option at 2.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLGR or ZECP?

Over the 3-year period, ZECP has performed better with a 15.30% return vs 15.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLGR or ZECP?

FLGR is cheaper with a 0.09% expense ratio, compared with 0.55% for ZECP.

Which ETF pays a higher dividend yield, FLGR or ZECP?

FLGR has the higher dividend yield at 3.45%, compared with 0.73% for ZECP.

What is the main difference between FLGR and ZECP?

FLGR is categorized as Europe Equities, while ZECP is Large Cap Blend Equities. They also come from different issuers: Franklin Templeton and Zacks. Their fees differ too: 0.09% for FLGR and 0.55% for ZECP.

Which has better risk-adjusted returns?

ZECP currently has the higher Sharpe Ratio (1.75 vs -0.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.